The head of the UN nuclear watchdog said Thursday that, in his view, Iraq was not as yet in material breach of a UN resolution on disarmament, contrary to what Britain and the United States have argued.

Tapping Germany's zeitgeist before weekend elections, Chancellor Gerhard Schroeder is standing up boldly to the United States, resisting its push for war in Iraq and presenting himself as a champion of peace.

AOL Time Warner Inc. on Wednesday posted a 2002 net loss of nearly $100 billion -- the largest annual loss in U.S. corporate history -- and in a sign of further turmoil, media mogul Ted Turner said he would step down as vice chairman.

In a move analysts say departs from the norm in the usually reticent accounting industry, KPMG is going on the offensive in response to charges filed by regulators that its audit of Xerox Corp. was fraudulent.